The global refrigerated display cabinet market is estimated to grow at a CAGR of more than 10% during the forecast period 2018 to 2023. Factors like expanding retail (food retail) store network, rise in disposable income, and changing consumer lifestyle, are expected to help support market growth during the forecast period. Remote operated device segment has the highest market share in the global refrigerated display cases market followed by plug-in. Asia-Pacific is anticipated to become the fastest growing market in terms of CAGR over the forecast period.
What is refrigerated display cabinet?
Refrigerated display units are intended to store and display chilled and/or frozen foodstuffs and beverages which are for sale. These cabinets allow the stored products to be either directly viewed through an opening in the cabinet or through transparent doors, lids or covers that usually kept closed and can be opened to access the contents and enable users to access any of the contents without stepping inside the refrigerated space.
What are the major applications for refrigerated display market?
Refrigerated display cabinets refer to food service equipment used for the storing and display of food items. They are used to keep food items at optimal temperatures. Further segmenting by the end users RDCs are typically used in supermarkets, petrol stations and smaller food and beverage vendors such as ‘corner stores’ and delicatessens. Supermarkets use Refrigerated display cabinets to display fruits, vegetables, meat, fish, poultry, dairy, deli items (with dedicated staff) and frozen goods. Petrol stations and smaller vendors use RDCs to display chilled beverages and ice-confectionary.
Market Research and Market Trends of refrigerated display cabinet markets
- The latest trend in the refrigerated display cabinet market is the PCM (Phase change material) which save energy and reduce the cabinet air temperature. By integrating PCM radiators better control and stable air cabinet temperature can be achieved. This also enables the product to be used in countries where the power downtime is common due to the low power consumption.
- Refrigerated display cases are steadily focusing on improving green refrigerants. Retail operators are switching from open to closed display cases so as to reduce carbon footprint. EU F-gas regulation in Europe has sealed hydro fluorocarbon (HFC) refrigerants which will limit the supply by almost 80% by 2030. Food retailers would be receiving huge incentives to shift from F-gases with natural refrigerants.
- Advancement in technology, the advent of solar power displays will emerge as an opportunity for growth. Wire-cooltech applications, introduced magnetic cooling system, which utilizes water coolant instead of refrigerant gas which is the major contributor to the climate change resulting in an eco-friendly solution that consumes minimal energy.
- SCHOTT termofrost smart access system introduces the automatic glass door opening system, provides maximum transparency without vertical profiles.
Who are the Major Players in refrigerated display cabinet markets?
Liebherr, Ugur cooling, Turbo Air, ISA, Verco Limited, Haier, Aucma, AHT cooling systems Gmbh, Dover Corporation, Hoshizaki Corporation, Lennox International, Illinois Tool Works Inc, SCHOTT termofrost, businesswire-cooltech applications, Novum.
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